The administrators of the late financier Jeffrey Epstein's estate have reached a preliminary agreement with a group of victims, agreeing to pay up to $35 million in compensation. The settlement, resulting from mediation, aims to end a 2024 class-action lawsuit against the billionaire's advisors. Former lawyer Darren Indyke and accountant Richard Kahn were accused of facilitating human trafficking. The agreement still requires formal approval by a federal judge in Manhattan.

Preliminary settlement with victims

Epstein's estate administrators will pay up to $35 million to end a class-action lawsuit concerning human trafficking.

Accused advisors of the financier

Darren Indyke and Richard Kahn were sued for facilitating and concealing the billionaire's sexual abuses.

Conditions for payment of funds

The full amount will be paid if at least 40 affected women join the agreement.

The administrators of Jeffrey Epstein's estate have reached an agreement with a group of women who were victims of the billionaire's criminal enterprise. Under the settlement, announced by the law firm Boies Schiller Flexner, the victims could receive a total of up to $35 million. The class-action lawsuit was directed against co-executors of the will, Darren Indyke and Richard Kahn. The financier's former associates were accused of aiding in the trafficking of young women and concealing evidence of crimes. The financial terms of the settlement depend on the number of people who decide to join it. The full $35 million will be paid if the agreement covers at least 40 women. For a smaller group of beneficiaries, the amount may be reduced to $25 million. Compensation is provided for individuals abused between January 1, 1995, and August 10, 2019. A necessary condition is not having previously received payments from Epstein's restitution fund or having entered into other civil settlements. Jeffrey Epstein's estate, estimated at nearly $600 million after his suicide in 2019, has been a source of claims for years. To date, over $120 million has been paid to victims through various compensation programs, making this process one of the most extensive in the history of American civil litigation. Despite reaching the settlement, Darren Indyke and Richard Kahn consistently deny allegations of complicity in the criminal enterprise. They claim their actions were limited to professional matters and they were unaware of the scale of Epstein's abuses. The proposed settlement now awaits review and approval by a federal court in Manhattan. If the judge consents, it will close one of the last major civil cases concerning the operational infrastructure of Epstein's empire. „This settlement provides justice and meaningful relief to the survivors who courageously stepped forward against the mechanisms that facilitated the abuse.” — David Boies 35 mln USD — maximum compensation amount in the settlement

Mentioned People

  • Jeffrey Epstein — Deceased financier and sex offender, creator of a human trafficking network.
  • Darren Indyke — Former lawyer of Epstein and co-executor of his will.
  • Richard Kahn — Former accountant of Epstein accused of aiding in concealing crimes.
  • David Boies — Attorney representing Epstein's victims.